Industry News
Chemical Industry News
Lower Saxony clears immediate German gas drilling off Borkum
Lower Saxony’s mining authority ordered immediate enforceability allowing One-Dyas to begin directional gas drilling off Borkum The N05-A project could add up to 13bcm over its lifetime, around 2.3...
Europe DEG, TEG spot prices stable to decreasing on weak demand
LONDON (ICIS)--Prices in the European diethylene glycol (DEG) and triethylene glycol (TEG) spot markets were assessed stable to decreasing in the week ending 29 August on weak demand. DEG truck...
Europe MEG spot prices stable to higher on balanced-to-tight supply
LONDON (ICIS)--Prices in the European monoethylene glycol (MEG) spot market were stable to higher in the week ending 29 August on balanced to tight supply. MEG bulk prices climbed by €10/tonne at...
LNG arrivals drive French PEG gas winter downside amid Norwegian maintenance
PEG winter delivery contracts at deep discount to Dutch TTF Increased LNG arrivals potentially pressure curve Gassco maintenance could provide upside risk LONDON (ICIS)--Increased LNG supply in...
Europe ACN September contract price climbs on ammonia gains
LONDON (ICIS)--A hike in the feedstock market of ammonia and a rollover in the monthly propylene settlement resulted in the formula-based Europe acrylonitrile (ACN) contract price for September...
GCC PE prices unchanged ahead of September offers, trade activity subdued
DUBAI (ICIS)--Polyethylene (PE) prices in the Gulf Cooperation Council (GCC) market were unchanged during the week ended 29 August 2025, with little to no trade activity taking place ahead of...
1.5GW Morgan offshore wind farm awarded planning consent by UK government
JERA Nex bp and EnBW’s 1.5GW Morgan offshore wind farm granted development consent by UK’s energy secretary on 29 August Construction is expected to begin in 2026/2027, with the project set to be...
Asia base oils demand outlook: Week of 1 September
SINGAPORE (ICIS)--Asia base oils demand outlook: Week of 1 September Asia’s base oils demand could remain cautious amid expectations of healthy availability of supply and concern about exposure to...
Asia base oils supply outlook: Week of 1 September
SINGAPORE (ICIS)--Asia base oils supply outlook: Week of 1 September Asia’s base oils prices hold firm versus Singapore gasoil prices. Firm base oil margins so far in Q3 2025 point to fundamentals...
UK lubricants sector awaits verdict on product dumping claims
LONDON (ICIS)--The UK lubricants sector is braced for the final decision from the Trade Remedies Authority (TRA) for a product dumping investigation as early as this month, with calls in the market...
Americas/EMEA base oils supply outlook: Week of 1 September
SINGAPORE (ICIS)--Americas/EMEA base oils supply outlook: Week of 1 September US base oils prices remain relatively firm and in narrow range vs vacuum gasoil (VGO) prices. Source: ICIS Steady base...
Americas/EMEA base oils demand outlook: Week of 1 September
SINGAPORE (ICIS)--Americas/EMEA base oils demand outlook: Week of 1 September US base oils demand could stay muted as buyers eye existing stocks to cover requirements. US base oils/lube consumption...
FBMC WEEKLY: German, Austrian power imports likely to rise in week 36 amid low wind
LONDON (ICIS)--Germany and Austria are likely to maintain strong power imports within the flow-based market coupling (FBMC) region through week 36 due to low wind power generation forecasts in both...
GCC PP prices stable ahead of September price announcements
DUBAI (ICIS)--Polypropylene (PP) prices were stable across all grades during the week ended 29 August 2025 in the Gulf Cooperation Council (GCC) market, amid the summer seasonal lull, and ahead of...
Global base oils margins outlook: Week of 1 September
SINGAPORE (ICIS)--Global base oils margins outlook: Week of 1 September Global base oils prices hold firm versus feedstock/competing fuel prices. Margins hold firm at time of year when fundamentals...
Global base oils arbitrage outlook: Week of 1 September
SINGAPORE (ICIS)--Global base oils arbitrage outlook: Week of 1 September India’s imported Group II heavy-grade base oils cargo price-premium to FOB prices in US and Asia holds firm and in...
Global base oils cargo flows: Week of 1 September
SINGAPORE (ICIS)--Global base oils cargo flows: Week of 1 September Wave of cargoes of Group II base oils load from Taiwan in recent days before heading to China and southeast Asia. Unusually large...
Pakistan PP prices stable to soft on low demand in rainy season
DUBAI (ICIS)--Polypropylene (PP) prices in Pakistan softened during the week ended 29 August 2025 for homopolymer grades, while prices remained unchanged for block co-polymer grades, amid limited...
Europe methanol Q3 spot price rebound continues, firm demand for September
LONDON (ICIS)--Methanol spot prices in Europe continued to rebound in late-August with healthy buying interest for September loading driving upward pressure. Restocking activity is the main driver...
Plant status: Ducor lifts Dutch PP force majeure
LONDON (ICIS)--Here is a plant status report: Name: Ducor Location: Rozenburg, the Netherlands Product: Polypropylene (PP) Capacity (tonnes): 180,000 Event start: 7 July 2025 Event finish: 28 August...